#Savings&U

04 Sep 2016

Give your home a makeover in 5 simple steps

by RAKBANK

There's no place like home. After a long and tiring day, your home serves as a safe haven that lets you unwind, relax and spend quality time with your family. No wonder, a lot of us look forward to redoing our home to make it look more beautiful and to improve space. 

 

Home Makeover not just improves the aesthetic value of our home; but can also improve its price in the real estate market. One can achieve a variety of objectives through a home renovation project - it could be as simple as adding an extra room to create more space or something as grand as remodeling the house to make it look upscale.  

 

Renovating your home can be a costly and time-consuming affair. The effort and expenses can vary depending on the size of the project - it would cost considerably more if you were to redo the entire house as opposed to just renovating the kitchen or the bedroom.  

 

We've collated a list of tips that can help you sail through your home renovation project with ease.

 

These tips are: 

 

1) Establish clear goals along with a precise plan: The first step for a renovation project is to have a clear plan. Make a detailed list of each task, list down the time required for each task and map out your project with a clear start and end date. E.g. If you are renovating your living room, you can start with listing the changes you want and take measurements of elements you need to change.  At this stage, it's best to set clear goals and evaluate what you are expecting before starting of the project. 

 

2) Set a realistic budget: Setting a budget is one of the hardest parts of a renovation project. Again, its best to start out with the scope of the renovation and establish a realistic budget based on that. Begin by researching the approximate cost for each task/product - once you have that you can carry out price comparisons and speak to different contractors for quotations.  Make sure that these contractors come highly recommended or have a good reputation. 

 

3) Make arrangements for the expenses:  Generally, home renovations are big projects and are not undertaken on a regular basis. Once your requirements are clearly laid out, it would be good to understand if you have the budget to go-ahead. In case, you're falling short of the amount, you can always take a personal loan from a reputed bank. Make sure you stick to a budget at this stage.

 

4) Be creative about renovation: You don't necessarily have to go all out and invest in the fanciest furniture. There are numerous things you can do around your house that are relatively inexpensive but can help you in achieving the desired look. Some of the inexpensive things you can do are:
o    Give your walls a fresh coat of paint 
o    Get new curtains for your living room and bed rooms
o    Get some fancy lighting for your house
o    Invest in accessories like new rugs, throws, cushions to spruce up your home

 

5) Keep an eye out for sales and discounts: You'll be surprised at how much you can save on labor, supplies and materials just by shopping around. Keep your eyes and ears open for sales and discounts at your local furniture stores. Make the most of the discounts offered on furniture shopping with your RAKBANK Credit Card. You can view the ongoing offers by visiting the RAKBANK card offers page. 

 

Our team at RAKBANK Personal loans department will be more than happy to assist you in arranging the expenses for your home renovation project. Click here to learn more about RAKBANK Personal Loans. 
*T&C Apply

 

 


Tags :




Give your home a makeover in 5 simple steps

04 Sep 2016

Tags :

There's no place like home. After a long and tiring day, your home serves as a safe haven that lets you unwind, relax and spend quality time with your family. No wonder, a lot of us look forward to redoing our home to make it look more beautiful and to improve space. 

 

Home Makeover not just improves the aesthetic value of our home; but can also improve its price in the real estate market. One can achieve a variety of objectives through a home renovation project - it could be as simple as adding an extra room to create more space or something as grand as remodeling the house to make it look upscale.  

 

Renovating your home can be a costly and time-consuming affair. The effort and expenses can vary depending on the size of the project - it would cost considerably more if you were to redo the entire house as opposed to just renovating the kitchen or the bedroom.  

 

We've collated a list of tips that can help you sail through your home renovation project with ease.

 

These tips are: 

 

1) Establish clear goals along with a precise plan: The first step for a renovation project is to have a clear plan. Make a detailed list of each task, list down the time required for each task and map out your project with a clear start and end date. E.g. If you are renovating your living room, you can start with listing the changes you want and take measurements of elements you need to change.  At this stage, it's best to set clear goals and evaluate what you are expecting before starting of the project. 

 

2) Set a realistic budget: Setting a budget is one of the hardest parts of a renovation project. Again, its best to start out with the scope of the renovation and establish a realistic budget based on that. Begin by researching the approximate cost for each task/product - once you have that you can carry out price comparisons and speak to different contractors for quotations.  Make sure that these contractors come highly recommended or have a good reputation. 

 

3) Make arrangements for the expenses:  Generally, home renovations are big projects and are not undertaken on a regular basis. Once your requirements are clearly laid out, it would be good to understand if you have the budget to go-ahead. In case, you're falling short of the amount, you can always take a personal loan from a reputed bank. Make sure you stick to a budget at this stage.

 

4) Be creative about renovation: You don't necessarily have to go all out and invest in the fanciest furniture. There are numerous things you can do around your house that are relatively inexpensive but can help you in achieving the desired look. Some of the inexpensive things you can do are:
o    Give your walls a fresh coat of paint 
o    Get new curtains for your living room and bed rooms
o    Get some fancy lighting for your house
o    Invest in accessories like new rugs, throws, cushions to spruce up your home

 

5) Keep an eye out for sales and discounts: You'll be surprised at how much you can save on labor, supplies and materials just by shopping around. Keep your eyes and ears open for sales and discounts at your local furniture stores. Make the most of the discounts offered on furniture shopping with your RAKBANK Credit Card. You can view the ongoing offers by visiting the RAKBANK card offers page. 

 

Our team at RAKBANK Personal loans department will be more than happy to assist you in arranging the expenses for your home renovation project. Click here to learn more about RAKBANK Personal Loans. 
*T&C Apply